Netflix, Inc. (NASDAQ:NFLX) Stock Position Raised by Albion Financial Group UT

Albion Financial Group UT lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 622.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65 shares of the Internet television network’s stock after buying an additional 56 shares during the quarter. Albion Financial Group UT’s holdings in Netflix were worth $58,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix during the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Netflix during the third quarter worth approximately $37,000. FSA Wealth Management LLC acquired a new position in Netflix during the third quarter valued at approximately $38,000. Finally, First Personal Financial Services bought a new position in shares of Netflix in the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 41,601 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $758.06, for a total value of $31,536,054.06. Following the completion of the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $64,435.10. The trade was a 99.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the sale, the director now directly owns 246 shares in the company, valued at $185,976. This trade represents a 95.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,198 shares of company stock worth $127,616,898. Insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ:NFLX opened at $953.99 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $407.79 billion, a PE ratio of 48.11, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27. Netflix, Inc. has a 12 month low of $481.40 and a 12 month high of $999.00. The company’s 50-day moving average price is $886.64 and its two-hundred day moving average price is $762.07.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a return on equity of 39.48% and a net margin of 22.34%. Netflix’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.11 EPS. On average, equities analysts anticipate that Netflix, Inc. will post 23.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NFLX shares. Sanford C. Bernstein upped their price objective on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Piper Sandler reaffirmed an “overweight” rating and issued a $1,100.00 price target (up from $950.00) on shares of Netflix in a research report on Wednesday. Morgan Stanley lifted their price objective on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Guggenheim lifted their price target on Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday. Nine analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $993.82.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.